Hog prices have declined by more than 20% from their early summer peak and are expected to remain well below year ago levels through the end of the year

Pork Profit Maximizer – Retail Edition Highlights US domestic pork availability is burdensome in the near term and hog prices have collapsed as packers struggle to balance the seasonally softer pork demand in late summer with the rapid ramp-up in hog slaughter. Expectations of higher supplies in the fall may have encouraged processors and other […]

The flow of hogs to market has been anything but smooth

Pork Profit Maximizer – Retail Edition Highlights Hog slaughter three weeks ago was up 8% compared to a year ago. Then for the week ending July 28 slaughter registered an 11% decline as the largest US pork packer had to shut down plants in order to perform scheduled maintenance. It appears that slaughter at Smithfield […]

Hog and pork markets remain extremely uncertain as buyers sit on the sidelines and export demand remains difficult to predict

Pork Profit Maximizer – Food Service Edition Highlights The nearby CME Lean Hog August futures contract closed on Friday at $57.70/cwt, a 25% decline in just over a month. Fall and winter contracts have also followed suit, with December now trading at around $46 Clearly the catalyst for the decline is the imposition of retaliatory […]

Pork exports near zero to China and Mexico

Pork Profit Maximizer – Retail Edition Highlights Lean hog futures have declined sharply since the beginning of July on concerns that slowing export sales and record production will force more product into domestic channels. The two markets where US pork now faces new tariffs are China and Mexico. Two rounds of 25% tariffs on US […]

Hog slaughter last fall was at all time record levels

Pork Profit Maximizer – Retail Edition Highlights US hog producers have been expanding rapidly in the last three years thanks to low feed costs and robust meat protein demand in domestic and export markets. Hog slaughter last fall was at all time record levels and significant new processing capacity has been added to accommodate the increase […]